Quantum Real Estate Advisors, Inc. Brokers a Portfolio Sale of Three Single-Tenant Medical Buildings in Ohio

Chicago, IL (October 26, 2021) – Quantum Real Estate Advisors, Inc. has brokered the sale of a portfolio of three single-tenant medical buildings located in Ashtabula, OH; Warren, OH; and Wilmington, OH. The portfolio sold for $1,850,000. At the time of sale, the properties were 100% occupied by BrightView Health, a behavioral health clinic specializing in the treatment of opioid addiction, in addition to many other behavioral health services provided. The buyer was a private real estate investor based in Tennessee. The seller is a local real estate investment and development company. Chad Firsel, President of Quantum, and Jason Lenhoff, Executive Vice President of Quantum, represented the seller in the transaction.

Mr. Lenhoff had the following comments regarding the transaction, “Investors continue to show how highly sought after the single-tenant net-leased medical asset class is in today’s market. This portfolio was priced to provide an investor with a really nice return on their investment. Additionally, this investor was able to acquire three properties that are secured by long-term leases with a rapidly expanding creditworthy tenant.” Lenhoff continued, “Each of these properties is well located along major thoroughfares near the area’s major hospital.”

Quantum Real Estate Advisors, Inc. (www.QREAdvisors.com) specializes in investment sales brokerage, assisting clients in the acquisition and disposition of commercial real estate. Quantum has the capacity through strategic alliances to offer full-service leasing brokerage, receivership, management, and financing.